Hello All,
Welcome to Investing ... Posting After a Long Time !
Today's Stock : "AIA Engineering Ltd."
I will Focus on Charts only, Let's See the Chart on Weekly Timeframe.
The Stock has performed very well in the past and after a Good Correction again Went up to hit all time high few weeks ago.
If we see the chart closely, It is Forming a Cup and Handle Chart Formation which is still in the process and it will be nice to see how it reacts in the near future. If completes the formation, it will be a Investors paradise.
There is a Light Blue Formation drawn on the chart, it is the "Inverted Head and Shoulder" formation. It formed like a Text book pattern, perfect in all ways, The Breakout was also perfect, silent and on the way to completion of the target of breakout.
The Inverted head and shoulder breakout formation has a Target of 400 points from 1081 level, Which comes around 1480 levels approx. The stock is trading around 1245 now and Next Major Resistance is placed at around 1330 level +/- .. The 1330 level is All Time High levels tested 2 times as per the chart. If this level is broken up and moves up to complete the target of 1480 approx. There will be a new Universe for the Investors of all kind. The Next Target in Few Months will be around 1900+ levels. The Important levels, possible movement, etc. will be provided to Our Equity Paid Service Members only.
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Recommendation :
BUY AIA ENGINEERING LTD around 1200-1240 with a Stoploss around 1180 and a Take Profit of around 1330 - 1480 - 1900+
The Risk Reward at the First Target is approx 1:2 and is good for any kind of Investment.
These are all Technical Views which are based on Daily Charts, indicating any price movement towards the Targets will take time and it is not expected to move in a Single day. So Do not enter with speculative bets in the trade. These recommendations are purely for Investment purpose.
Follow Strict Risk Management Before Entering the Trades and Consult your Investment Adviser for guidelines. "Do not jump in the trade" without considering the risk.
Enjoy Trading, Trade Safe, Trade Wisely !!
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Disclaimer :
The Analyst May or May not have trading positions or Investments in suggested Instrument, The Trade is Long Term and the Analyst may recommend the trade to his clients time to time for short term trading. short term reversal trades May be advised in this duration and it will be according to the charts.
The Analyst is a SEBI Certified Investment Adviser and Global Market Expert having Vast experience of Financial Markets in India and Across the Globe. Running Analysis Services and Advisory since Last 6 years for clients across the world in Stock Markets, Forex, and Commodities.
Contact Details ::
WhatsApp & Telegram +91 8275 298 208 / Email : 4x.magician@gmail.com
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